Nevada County Association of Realtors President Greg Bulanti says the Nevada County region is still low on housing inventory for sale, but property owners did see a 5 and a half percent gain in their property values in the last year.
The median home price right now is $349,000 and that’s an increase from $344,000 last month.
Bulanti says that has pretty much been the course with prices tracking higher through 2016 with the improving economy.
Bulanti says it used to be the norm that people moved more frequently but that’s also changing.
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Bulanti says another trend is seniors holding onto their properties longer because they have a great deal where they are, they are aging in place and they can’t find anything that is affordable that they would like to move to.